Thor Explorations Ltd.

TSXV:THX Stock Report

Market Cap: CA$951.4m

Thor Explorations Management

Management criteria checks 3/4

Thor Explorations' CEO is Segun Lawson, appointed in Aug 2011, has a tenure of 14.17 years. directly owns 4.75% of the company’s shares, worth CA$45.22M. The average tenure of the management team and the board of directors is 6.6 years and 8.8 years respectively.

Key information

Segun Lawson

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure14.2yrs
CEO ownership4.8%
Management average tenure6.6yrs
Board average tenure8.8yrs

Recent management updates

Recent updates

Thor Explorations Ltd. (CVE:THX) Shares Fly 32% But Investors Aren't Buying For Growth

Aug 28
Thor Explorations Ltd. (CVE:THX) Shares Fly 32% But Investors Aren't Buying For Growth

Thor Explorations Ltd. (CVE:THX) Stock Catapults 28% Though Its Price And Business Still Lag The Market

Jun 13
Thor Explorations Ltd. (CVE:THX) Stock Catapults 28% Though Its Price And Business Still Lag The Market

There's No Escaping Thor Explorations Ltd.'s (CVE:THX) Muted Earnings Despite A 25% Share Price Rise

Apr 01
There's No Escaping Thor Explorations Ltd.'s (CVE:THX) Muted Earnings Despite A 25% Share Price Rise
User avatar

Advancing Gold Projects In Senegal And Côte d'Ivoire Will Strengthen Future Prospects

Strategic projects in Senegal and Nigeria could increase future revenues and profitability while diversifying revenue sources and driving growth.

Thor Explorations Ltd.'s (CVE:THX) Shares Leap 27% Yet They're Still Not Telling The Full Story

Feb 07
Thor Explorations Ltd.'s (CVE:THX) Shares Leap 27% Yet They're Still Not Telling The Full Story

Thor Explorations' (CVE:THX) Conservative Accounting Might Explain Soft Earnings

Sep 05
Thor Explorations' (CVE:THX) Conservative Accounting Might Explain Soft Earnings

Investors Still Aren't Entirely Convinced By Thor Explorations Ltd.'s (CVE:THX) Earnings Despite 27% Price Jump

Aug 27
Investors Still Aren't Entirely Convinced By Thor Explorations Ltd.'s (CVE:THX) Earnings Despite 27% Price Jump

Analyst Forecasts For Thor Explorations Ltd. (CVE:THX) Are Surging Higher

May 02
Analyst Forecasts For Thor Explorations Ltd. (CVE:THX) Are Surging Higher

Here's Why We Think Thor Explorations (CVE:THX) Might Deserve Your Attention Today

Apr 02
Here's Why We Think Thor Explorations (CVE:THX) Might Deserve Your Attention Today

Cautious Investors Not Rewarding Thor Explorations Ltd.'s (CVE:THX) Performance Completely

Feb 23
Cautious Investors Not Rewarding Thor Explorations Ltd.'s (CVE:THX) Performance Completely

Thor Explorations (CVE:THX) Seems To Use Debt Quite Sensibly

Oct 23
Thor Explorations (CVE:THX) Seems To Use Debt Quite Sensibly

Investors Should Be Encouraged By Thor Explorations' (CVE:THX) Returns On Capital

Oct 03
Investors Should Be Encouraged By Thor Explorations' (CVE:THX) Returns On Capital

Thor Explorations Ltd. Just Beat Revenue By 5.6%: Here's What Analysts Think Will Happen Next

Aug 28
Thor Explorations Ltd. Just Beat Revenue By 5.6%: Here's What Analysts Think Will Happen Next

We Ran A Stock Scan For Earnings Growth And Thor Explorations (CVE:THX) Passed With Ease

Aug 06
We Ran A Stock Scan For Earnings Growth And Thor Explorations (CVE:THX) Passed With Ease

Thor Explorations Ltd.'s (CVE:THX) Revenues Are Not Doing Enough For Some Investors

Jul 13
Thor Explorations Ltd.'s (CVE:THX) Revenues Are Not Doing Enough For Some Investors

We Like These Underlying Return On Capital Trends At Thor Explorations (CVE:THX)

Nov 08
We Like These Underlying Return On Capital Trends At Thor Explorations (CVE:THX)

Thor Explorations' (CVE:THX) Profits Appear To Have Quality Issues

Sep 06
Thor Explorations' (CVE:THX) Profits Appear To Have Quality Issues

CEO Compensation Analysis

How has Segun Lawson's remuneration changed compared to Thor Explorations's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

US$137m

Mar 31 2025n/an/a

US$113m

Dec 31 2024n/an/a

US$91m

Sep 30 2024n/an/a

US$50m

Jun 30 2024n/an/a

US$33m

Mar 31 2024n/an/a

US$20m

Dec 31 2023US$872kUS$481k

US$11m

Sep 30 2023n/an/a

US$39m

Jun 30 2023n/an/a

US$46m

Mar 31 2023n/an/a

US$38m

Dec 31 2022US$898kUS$438k

US$39m

Sep 30 2022n/an/a

US$20m

Jun 30 2022n/an/a

US$13m

Mar 31 2022n/an/a

US$1m

Dec 31 2021US$375kUS$375k

-US$2m

Sep 30 2021n/an/a

-US$6m

Jun 30 2021n/an/a

-US$8m

Mar 31 2021n/an/a

-US$1m

Dec 31 2020US$868kUS$395k

-US$3m

Sep 30 2020n/an/a

-US$4m

Jun 30 2020n/an/a

-US$3m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$363kUS$363k

-US$4m

Sep 30 2019n/an/a

-US$2m

Jun 30 2019n/an/a

-US$2m

Mar 31 2019n/an/a

-US$2m

Dec 31 2018US$779kUS$215k

-US$3m

Compensation vs Market: Insufficient data to establish whether Segun's total compensation is reasonable compared to companies of similar size in the Canadian market.

Compensation vs Earnings: Segun's compensation has been consistent with company performance over the past year.

CEO

Segun Lawson

14.2yrs
Tenure
US$871,631
Compensation

Mr. Olusegun Lawson, also known as Segun, BSc, MBA has been the Chief Executive Officer and President of Thor Explorations Ltd. since August 12, 2011. Mr. Lawson served as an Officer of African Star Resour...

Leadership Team

NamePositionTenureCompensationOwnership
Olusegun Lawson
President14.2yrsUS$871.63k4.75%
CA$ 45.2m
Christopher Omo-Osagie
CFO & Secretary3.4yrsUS$270.80k0.045%
CA$ 429.0k
James Philip
Chief Operations Officer3.4yrsUS$530.60kno data
Alfred Gillman
Group Exploration Manager9.8yrsno datano data
6.6yrs
Average Tenure

Experienced Management: THX's management team is seasoned and experienced (6.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Olusegun Lawson
President13.3yrsUS$871.63k4.75%
CA$ 45.2m
Julian Barnes
Independent Non-Executive Director8.8yrsUS$83.03k0.25%
CA$ 2.4m
Collin Ellison
Independent Non-Executive Director7.2yrsUS$82.60k0.26%
CA$ 2.5m
Adrian John Coates
Independent Non-Executive Chairman8.8yrsUS$136.14k0.33%
CA$ 3.1m
Folorunso Adeoye
Independent Non-Executive Director9.2yrsUS$80.19k3.41%
CA$ 32.4m
Kayode Aderinokun
Independent Non-Executive Director9.2yrsUS$76.04k3.34%
CA$ 31.8m
Franklin Edochie
Non-Executive Directorless than a yearno datano data
8.8yrs
Average Tenure
71yo
Average Age

Experienced Board: THX's board of directors are considered experienced (8.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/07 11:20
End of Day Share Price 2025/10/07 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Thor Explorations Ltd. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Samuel CatalanoCanaccord Genuity
Alexander BedwanyCanaccord Genuity
Jonathan GuyHannam & Partners (Advisory) LLP